American Bible Society
- Assets
- $746.6m
- Revenue
- $112.6m
- Investments
- $453.4m
- Employees
- 342
- Location
- Philadelphia, PA
- Founding
- 02/1931
- Data as of
- 06/2022
- EIN
- 13-1623885
Organization Overview
American Bible Society is located in Philadelphia, PA. The organization was established in 1931. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, American Bible Society employed 342 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Bible Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American Bible Society generated $112.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $103.9m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Bible Society has awarded 605 individual grants totaling $80,677,539. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE THE BIBLE AVAILABLE TO EVERY PERSON IN A LANGUAGE AND FORMAT EACH CAN... SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Briggs President & CEO | OfficerTrustee | 40 | $397,935 |
John D Clause SVP | Officer | 40 | $270,203 |
James J Puchy VP | Officer | 40 | $241,819 |
Stephen Kao VP / General Counsel | Officer | 40 | $214,002 |
Nicole M Martin SVP | Officer | 40 | $211,646 |
Nicholas Pagano VP Finance (beg July 2021) | Officer | 40 | $204,081 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rkd Group Inc Direct Mail | 6/29/22 | $9,790,304 |
Intech Construction Llc Construction Management | 6/29/22 | $5,710,249 |
Sheridan Publishing Printing & Production Of Bible Resources | 6/29/22 | $1,784,280 |
Tele-data Services Warehousing/logistics | 6/29/22 | $1,123,495 |
Word 4 Asia Bible Distribution | 6/29/22 | $740,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,863,768 |
| Noncash contributions included in lines 1a–1f | $389,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,863,768 |
| Total Program Service Revenue | $0 |
| Investment income | $11,664,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,148,876 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,175,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,297,220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,608,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,224,671 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,467,089 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,281,873 |
| Compensation of current officers, directors, key employees. | $394,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,124,010 |
| Pension plan accruals and contributions | $3,233,892 |
| Other employee benefits | $4,842,521 |
| Payroll taxes | $1,349,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $384,307 |
| Fees for services: Accounting | $461,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,566,549 |
| Fees for services: Investment Management | $2,505,593 |
| Fees for services: Other | $5,430,091 |
| Advertising and promotion | $0 |
| Office expenses | $2,258,012 |
| Information technology | $2,089,935 |
| Royalties | $0 |
| Occupancy | $3,890,449 |
| Travel | $827,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,270,938 |
| Insurance | $537,239 |
| All other expenses | $0 |
| Total functional expenses | $103,853,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,813,349 |
| Savings and temporary cash investments | $8,895,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,577,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,949,997 |
| Inventories for sale or use | $6,023,630 |
| Prepaid expenses and deferred charges | $3,473,075 |
| Net Land, buildings, and equipment | $12,067,729 |
| Investments—publicly traded securities | $202,516,082 |
| Investments—other securities | $453,385,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,904,575 |
| Total assets | $746,607,360 |
| Accounts payable and accrued expenses | $10,575,736 |
| Grants payable | $0 |
| Deferred revenue | $4,534,332 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,125,815 |
| Other liabilities | $71,588,583 |
| Total liabilities | $89,824,466 |
| Net assets without donor restrictions | $548,848,308 |
| Net assets with donor restrictions | $107,934,586 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $746,607,360 |
Grants Awarded
Over the last fiscal year, American Bible Society has awarded $20,183,691 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: PROGRAM SERVICES | $9,294,205 |
Philadelphia, PA PURPOSE: PROGRAM SERVICES | $5,631,571 |
WORD 4 ASIA PURPOSE: PROGRAM SERVICES | $770,000 |
Alpharetta, GA PURPOSE: PROGRAM SERVICES | $558,000 |
ECO SOLUTION LLC PURPOSE: PROGRAM SERVICES | $461,617 |
New York, NY PURPOSE: PROGRAM SERVICES | $447,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Bible Society has recieved totaling $84,910.
| Awarding Organization | Amount |
|---|---|
First Med Wealth Management Company Decatur, IL PURPOSE: PROMOTE RELIGIOUS ACTIVITIES | $37,275 |
Gladys M Evans Testamentary Trust Dodge City, KS PURPOSE: OPERATING GRANT | $24,777 |
Lucile K Diebel Testamentary Tr Uw Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,658 |
Fsj Foundation Inc Indianapolis, IN PURPOSE: RELIGIOUS | $10,000 |
Howard T Hirschy Foundation Ocala, FL PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $100 |
Anderson Christian Foundation Minnetonka, MN PURPOSE: GIFT TO PURCHASE AND DISTRIBUTE BIBLES | $100 |
Endowment Analysis
| Beg. Balance | $644,123,812 |
| Earnings | -$44,974,794 |
| Admin Expense | $2,411,995 |
| Net Contributions | $7,162,386 |
| Other Expense | $52,634,728 |
| Ending Balance | $551,264,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Healthcare Ministries Inc Barberton, OH | $164,612,180 | $752,912,401 |
Tenacre Foundation Princeton, NJ | $470,013,101 | $169,308,668 |
Christian Aid Ministries Berlin, OH | $82,556,908 | $130,879,443 |
American Bible Society Philadelphia, PA | $746,607,360 | $112,608,182 |
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |